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Bitcoin (Cryptocurrency)

BITCOIN - 6141.3 WHERE THE PAIN ENDS AND THE PLEASURE BEGINS!KUCOIN:BTCUSDT Here you are looking at how a market switches from short to long and in doing so increasing it’s true value. You will be now able to find some peace finally knowing where the pain ends with BTC and this internally impulsive bear market corrective cycle. BTC ended a previous cycle after heavy selling to satisfy the true and fair contraction value (created Mar-May 2019 when the cycle began), causing violent liquidation and the shifting with volition. This value of 3821.0 was agreed upon by smart money and intelligent money during the bracketed period aforementioned. After the liquidation event when intelligence started to pull profits to begin a new contractual agreement longer term, liquidity was trapped in the marked Aqua zone and a new agreed price at that time was agreed upon. That price is 6141.3 That price just as the previous price of 3821.0 MUST be retested to complete the contractual investment and adhere to natural law within this substantial reality. Be grateful for the the good and positive elements this cycle brought you and the things you learnt from it in any situation it placed you. Know now that the new cycle will soon begin and you will have an epic investment and hold from BTC at a historical value. THANK ME LATER AND DO NOT MISS OUT. I WOULD HATE TO SAY THAT I TOLD YOU SO ;) …
Education
by TradeGod_1111
📊How to use BTC reversal to open 1:20RR trades❓Hi friends! Today i`ll show you the new NEW Bitcoin pattern which appear 1-2 years ago. You will see how it works and be able to use this pattern in your trading. It seems that you will need this knowledge soon, so read to the end and write comments if it was useful for you. As we can see on the chart this pattern appear when the clear trend is come to an end and some consolidation starts. ✅ When bulls or bears start to lose their strength and liquidity collection starts to more and more often. 📊 What is the liquidity collection❓ Liquidity collection is a deliberate manipulation of whales (big players) when they push the price above or below local highs/lows in order to trap the traders who open the trades on the breakout of these levels (high or low) with limit pending orders. Liquidity collection can be either a "spike" or a false breakout of the key level. ✅ The examples of liquidity collection: 🔥 $62 000, 14 Apr 21 - short 🔥 $30 000, 21 Jul 21 - long 🔥 $67 000, 9 Nov 21 - short 🔥 $17 600, ??? 22, long 🚩 A lot of local examples on lower timeframes, but i showed you only most clear of them. 📊 How to open a trade and get a max profit? Look at the examples on the chart. 1️⃣ You need to identify local highs or lows and wait for a false breakout. 2️⃣ Open the trade after the price closes above the level (if long) or below the level (if short) and place a short stop loss above or below this key level. 3️⃣ Close a trade with 1:20-40RR. 🚩 Sometimes you can get 2-3 sl but in 1 trade you can make 2-3x and cover all loses. ✅ Now the BTC close to it`s local lows and liquidity collection below the $17 500 key level is highly expected. For example because of today FED meeting. 📊 On what timeframes can you use this pattern? You can use this pattern on larger (1h-1d) and smaller (5-60m) timeframes. For example, you don't need to wait long for local highs or lows to use this liquidity collection. I use the liquidity collection for scalping on smaller timeframes (5-60 min). Also, use it for the swings on 1-4h. So you can also earn using this pattern on different timeframes. 🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels. 🔥Traders, is this idea was usefull for you? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
1
How Governance Affects a Cryptocurrency's Coin Supply and PriceAs of last year, the top 3 most well-known coins - Bitcoin, Ethereum, Dogecoin - have all become "predictable" in terms of its coin supply. BTC has always had a fixed supply cap, ETH has become aggressively deflationary after its EIP-1559 upgrade started "burning" its supply, and Dogecoin is technically "disinflationary" since the rate at which the protocol issues its coins is set to slow down gradually over time. (People have estimated ~5% going downwards to 1% or less over the course of many years.) What all 3 coins have in common: 1) the supply curves for these coins are fixed and predictable 2) political leverage correlates directly with the ownership of money itself 3) the economic trajectories of each coin are basically unchangeable without some sort of centralized control Bitcoin and Dogecoin's protocol decisions are handled by the mining community (they decide which blocks to continue mining, in case there is a disagreement), and now that Ethereum has moved over to proof-of-stake, most of its major decisions will be decided by the core team itself. With proof-of-work, hash power is political leverage, with proof-of-stake, the coins itself does the same. While maxis focus on the differences between the two, at the end of the day, leverage over the system is measured in terms of how much resources you're willing to spend on your particular "vote" - it just depends on which you prefer - hash-power, or money-power. To be fair, this is how most coins operate right now since it is currently not possible to reliably do a "one person one vote" model (as is typically done in developed democracies) since identifying an anonymous wallet as a "person" is extremely difficult. So as a lesser evil, we use money-invested (aka your "stake") as means of measuring how much influence one should have on an ecosystem as a whole. (In this regard, most cryptocurrencies are similar to corporate shareholder models.) Until we have a better way of identifying people online as being "real", we're likely to be stuck with this model for a while, but not all coin systems are created equal - some will probably have better long-term viability than others. And a lot of that will be determined by how each coin handles its governance procedures. Proof-of-work systems right now have no means of reliably doing voting/governance on-chain - as a result, most coins opt to do their voting through third-party systems or platforms. While this can sometimes work, there is no "receipt" of whether the tally was legitimate or not - you just have to trust that the people conducting the polls were doing it in good faith. BTC/DOGE has never had on-chain governance and likely never will, while ETH currently possesses the potential to do, but seems unlikely now that it has also become deflationary. The "fixed supply" argument is similar to the "buy gold" argument in that there is an inherent distrust of supply curves that are "flexible" - the idea that when there is less of something it's going to be worth more is an intuitive argument that makes sense to a lot of people, at least on the surface. But ideally, you want the price of a coin to go up because there's more demand for it, rather than inflating it artificially by burning your supply - the less there is of something, the more out of reach it becomes for newcomers and people will less money, after all. So when a project puts "fixed supply" as part of its core value proposition, it's basically prioritizing the short-term appeasement of existing holders at the expense of future growth. We see a similar type of scarcity mindset (the "I got mine" syndrome) in assets like real-estate and gold as well, which are also both about to face corrections of their own. An asset starts to "bubble" when prices increase but quality goes down - then "pops" when the demand for it bottoms out as people realize that it's not worth it. Ideally, you want the economy to be flexible enough to handle swings in demand/usage, while keeping incentives aligned between all parties (investors, validators, users) at all times. It requires a very careful balancing act that exists somewhere in between fixed and infinite supply - and even better if these decisions are made through consensus mechanism rather than a unilateral decision made behind closed doors. (Tezos' self-amending protocol, combined with its on-chain governance system stands out as unique in this regard.) -- So what to do if you're an existing HODLer? Well, short to medium term, coins like Bitcoin, Ethereum, and Dogecoin will probably maintain their price as long as people come see it as a viable alternative to traditional assets as we get further into the recession -- that's the big bet that many are taking right now. But it does come with the understanding that it's probably only likely to happen once or twice more before the market saturates completely and hits its peak. Here crypto is at a disadvantage compared to assets like real-estate or tangible goods, since there's nothing forcing people to use BTC/ETH in particular - there are many other options in the market, after all. For more discussions about coin supply issues, here: www.reddit.com
COINBASE:XTZUSDEducation
by RyanTanaka
Understanding Yourself In Trading 🌼A Short Post about Psychology. Some people dismiss this area but in my opinion it is a huge determining factor as to whether someone will make it or crash and burn as a trader. In meeting many new traders I find that most questions that they pose revolve around trading systems and how to make the most money from the market. Rarely am I asked questions related to the mentality and mind of a trader which we all soon discover in our trading journey is a major facet that will determine if we will be successful or not. In this post I wanted to illustrate the importance of trading psychology and understanding your own mental parameters by using the experiences of 3 different traders that I met. THE FIRST TRADER The First Trader I ever met was veteran bank trader who had little formal education, was divorced, drank too much and enjoyed drugs. I was shocked as to how someone with excessive habits like this could have had such a long trading career. It was not too long into my trading journey that I discovered that this type of individual was common place on the trading floor. I spent much time with this trader to try to pick up any useful tips or what trading system he used. I noticed that he placed very little weight on technical analysis (walk onto the FX trading floor of any bank and ask them what they think of the RSI indicator and the stochastics - most won't have a clue what you are talking about and the rest will probably say something obscene!). He traded more based upon ' gut instinct ' of the market that was developed over considerable time. His key to success was learning over time price behaviour (price action). In addition he told me that he never trades when he has a hangover, is high or had a recent arguement with his ex-wife !! How true it is that events taking place in our lives outside of our trading can have a major impact upon our trading. How many traders have traded whilst angry at the market and then make a trade to try to get one back only to further their losses. How many people have traded whilst convinced that their broker is out to get them only to make more bad trading decisions. How many have traded at times when their life is undergoing major changes only to lose the necessary concentration and confidence that it takes to be successful. THE SECOND TRADER Another trader that I know told me that he went to a seminar about swing trading and came back from the seminar fired up that he was going to change his method to swing trading. Convinced that this was the path to greater profits he began to research various swing trading systems until he finally found one that he was going to adopt. After failing miserably and having to go back to day trading that had been working for him he told me why he had failed. He said that he would spend time researching a possible trade and then would execute with the various stop loss/ take profit parameters in place. He said that he found himself lying awake at night wondering what the market was doing and would get out of bed and check on his trade. He said that he also would execute a trade and then panic when the trade went against him because he could not wait for the big swing that he was expecting. Finally he concluded that this style of trading just was not good for his personality and went back and resumed his day trading style and was able to sleep at night again without worrying what was happening in the Asian session! This reminds me of the old adage ' if it aint broke then don't fix it '. How often are traders enticed away from models that have been working for them in favor of the latest or most fashionable indicator. If your trading model is working and making you money then keep doing it. Secondly it is important that your trading method works within the parameters of your own mentality. Whilst you can work on changing your mentality it may be better to understand yourself and adapt a style or method around yourself as opposed to trying to adopt someone elses mentality. THE THIRD TRADER The Last Trader that I met is one that I met recently. This trader told me that whilst he has had some success this was somewhat diluted and in some cases replaced by his losses. His money management strategy was reasonable but it became apparent to me the more we chatted was that he was lacking in a key area that is essential if one is to become a successful trader - CONFIDENCE . Every time his trade was up 10 pips he would exit the trade being afraid that the trade would turn against him and every time the trade was down 5 pips he would exit afraid that it would get worse. This is a common obstacle in trading because no one can say with 100% accuracy where the market is going. If they could they would have all the money in the world (if you have Accuracy 100% Congratulations). Lack of confidence will destroy you as a trader. Confidence needs to be developed over time and in trading it does not come over night but it can be developed as we understand the market better. One way to boost your confidence level is to thoroughly research your trading model - know it inside and out and especially know how it responds around the vulnerable areas because all trading models have an achilles heel and it is how you handle those points which is vital. FINAL WORDS Well there it is folks just a few things that I have picked up along the way in the wonderful world of trading. If this business was easy everyone would be doing it but over time and with the right approach and mentality success (whatever you define it to be) can be achieved. Wish you all the best in becoming the best trader YOU can be. Enjoy Your Weekend 😸😸 -Monaco SOURCE : Monaco 2006 FF PngAAA
AMEX:SPYEducation
by Zestiria
16
what is the difference between trend lines ?? as u can see here in ethusdt there are four trend lines ( three of it are main ) first of all what is trend line categories :- 1- major trend."primary trend" 2- secondary trend ." intermediate trend" 3- minor trend ." near term trend " _ ( major trend ) dow theory classifies the major trend as being in affect for longer than ayear and it differs from market to another as example in the commodity markets major trend is anything over six monthes . _( secondary trend) dow defined this trend as three weeks to as many monthes and its the same for the futures market. _(minor trend) this defined as anything less than two or three weeks. *i hope its short and informative.
Education
by alieltahan33
How do crypto options contracts affect the market?Hi Friends Today we will explain the option contracts affect on crypto and other markets. First lets see whats an option contract? Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires. There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option. Every options contract comes with a specified expiry date which is the last date for settling the contract. The price at which the options contract is settled is called the strike price . This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency. The price at which an options contract is bought is called the premium . Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right? This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money. But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price? For that you would require selling rights of the cryptocurrency and you will buy a put option. Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be. This means that you find it to be overvalued and expect it to fall from here. But what if the price of the cryptocurrency rose instead? You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price. For this you would need buying rights or a call option. Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets. Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move. More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally. Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable. In summary: Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. I hope you enjoy this education please share me your opinions in comments. thank you all specially @TradingView team
CRYPTOCAP:BTCEducation
by TraderAmin-KZ
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
📌✅ETH Big deal (POW>>POS)! +( Mine-able Alternative coins🚀 )We are on the verge of a BIG Merge, There are almost 3 days left until this important event for Ethereum! Ethereum is expected to transition to a proof-of-stake (PoS) mechanism and is considered one of the most significant upgrades in the history of the crypto market so far. -The Ethereum Merge could force many crypto miners to give up! DO they abandon their expensive mining rigs amid a race to the bottom for profits. Or it forces them to think of migrating to the current alternatives of proof of work of Ethereum! -If we visit the whattomine , we will see that some coins can be used as an alternative to Ethereum for mining. But we have to accept the fact that alternative coins are no longer as efficient as Ethereum for mining! -Although, considering their mine potential, most of them had a significant growth in the last few weeks And it may continue for some time. But let's consider this point "As GPU miners point their hardware at other chains their difficulty will increase causing lower returns and splitting the reward among more miners". -thus increasing mining difficulty will "swamp" these coins — and substantially reducing profitability and price in the long term! So although "There will always be GPUs mining some GPU optimized chains, but I doubt we will return to the levels of revenue seen in ETH proof-of-work at its peak ever again. >>>But with the research I have done, I think the following coins can be suitable options to replace Ethereum mining, and if some of them have grown a lot recently, we will probably see some of them grow more in the short or medium term! these are Most Profitable Coins to Mine! SO check them out : -Neoxa(NEOX) #1 #2https://www.tradingview.com/chart/ETCUSDT/HAQnQtvz-ETC-USDT-analysis/ #3 #4 #5 #6https://www.tradingview.com/chart/FIROUSDT/fWWrQhX5-FIRO-USDT-analysis/ This article is for informational proposes only . not a financial or legal advice !
Education
by PRO_SMART_Trader
Bitcoin Vs Ethereum 2.0 ComparisonHey mates! Please be sure to advise which of these products you think will have the most alpha. If shared, please advise the timeframe you are thinking! (1year? 10years?) It is the clash of the titans, and my last article that provided the hard #'s got a great deal of positive traction in the comments, but I did get some DM hate from some Bitcoin maxi's. Please let me know what you think I am missing in my comparison so the whole TradingView community can learn from your wealthy of knowledge. Emotions aside, and Maxi agenda's muted - lets get logical. Bitcoin: #1 Myth B itcoin is protection against inflation -->Worse inflation in decades & the price crashes #2 Myth A supply cap in Bitcoin makes it scarce --> **Bitcoin is itself inflationary for another 100 years** #3 Myth Bitcoin is a store of wealth --> Newly minted Bitcoins are continually sold to cover operating costs while going directly against ESG Goals (Constant Selling Pressure) #4 Myth Bitcoin is safe -->For $13 Billion Dollars a state sponsor can launch a 51% attack against it. -->(A single aircraft carrier cost less than that) -->A Quantum computer can hack any BTC wallet **To fix Bitcoin (POS) it would take years & create yet another fork destroying its value** A fork would have to be made, because the miners make a lot of money (Cost about $7k per token mined) dumping the coins onto the maxis. This is a constant selling pressure that prevents it from ever being a true store of value. The tokenomics are not entirely broken(unless you can not forgive all the coal burned in North Korea & China to mine BTC), but it is not going to be the best performer of all. Ethereum: #1 Benefit: (post-merge) Ethereum is POS -->Staking encourages long-term passive yield (hodling for yield) -->ESG Friendly, 99.5% more efficient than Bitcoin #2 Benefit: Ethereum is deflationary -->Every block will burn ETH, and rewards are slashed by 90% -->Every Dex swap, NFT mint, transaction will lead to ever more scarcity -->For the next 100 Years BTC will inflate supply while ETH deflates supply -->Deflationary prices rise in BP*, Inflationary prices drop in BP #3 Benefit: Ethereum is only improving while Bitcoin development continues to be stale -->Eth has 220 core developers -->Btc has 103 core developers -->Thousands of additional projects are being built on-top of ETH (the next APPL/AMZN) -->Transaction speeds and cost will improve with 'sharding' #4 Benefit: It is MUCH safer than BTC -->Slashing prevents validators from acting malicious -->BTC is susceptible to 51% attacks *buying power SO WHAT DOES THIS MEAN TO ME? I was screaming "back up the truck" when ETH dipped below $1k to long (I put 100% of my 401k into the product at that point, coupled with all my spot holdings being ETH) Many ask if they missed the long? - I say this is only the genesis to generational wealth I recommend joining me in being a validator. Get some passive yield in the most safe deflationary asset in crypto. Eth will fundamentally reward being a long-term investor which will be very attractive to institutions. This, coupled with ESG benefits and the fact ETH has actual utility will make this a product that a decade from now will be in many 401k products, for auto-biweekly deposits. The miners have an agenda , when you hear 'oh its sooo green, volcano's power it' just know that a guy in Sweden handcranking a windmill to mine is hardly the norm. Coal burners powered it for years, and will continue to do so, and there is no amount of code that can fix this waste. Just because 20% is nuclear powered, does not mean that power could have been used elsewhere to drive down energy cost for others. People in Europe and France right now are about to get their largest energy bill in history this winter. Bitcoin POW is essentially broken long term, as they can not fix it to POS as it will hardfork again because the miners make a fortune dumping the newly minted (inflation) coins on new entrants creating a constant selling pressure. Bitcoin is a granddaddy relic. The myspace/AOL of crypto. Please let me know what you think brother! I am not a bitcoin hater, the price may rise, but I think the alpha is in ETH. Bitcoin has been a huge blessing to me, but the people that purchased coins at $60k are not vibing with 'store-of-value' right now. The product is only worth what it is denominated in Fiat USD. Why do people hate fiat? Inflation. What is Bitcoin fundamentally for another 100 years? Supply Inflation "But Zen! Your wrong! Because we know the max supply of coins the new minted coins are all priced in!!" - if this were the case the price would not be wildly volatile. Another Myth from the Peter Schiff of Bitcoin - that salesman Michael Saylor. ..or as he says 'missionary'. It really has 'cult-like' vibes hearing that, be a critical thinker and consider generational wealth in ETH. Interested in Learning More? Click on the chart below for an in-depth comparison:
Education
by ZenMode
16
What is BitcoinLet’s start with a very simple description of Bitcoin…. Bitcoin is a decentralized digital currency, based on an open-source software design, that is used to transmit value between pseudonymous users. All transactions, after being confirmed by miners using PoW as the consensus mechanism, are stored on a distributed ledger, called a blockchain. Changes to the blockchain are append-only and are synchronized about every10 minutes across thousands of nodes located all over the world over a P2P network. All information stored on the blockchain can be viewed publicly, in real-time. Cryptographic techniques such as public-key cryptography, hash functions, and digital signatures are used to keep the blockchain secure and immutable so it can be accessible to everybody but hackable to nobody. Got all that? But as you can clearly see, the crypto world is full of technical jargon ! Jumping into crypto introduces a large number of terms that most people will be unfamiliar with. The crypto world seems to have its own language and those wishing to learn about the topic can quickly become overwhelmed with all the jargon, acronyms, and other technical terms. But if you really want to understand cryptocurrencies and how they are different, it’s really important that you do familiarize yourself with certain core foundational concepts. My goal is to cover terms and phrases that you may initially not know, but do need to know. Together, we will blast jargon into smithereens so you’re able to easily speak the language of the crypto world with ease.
Education
by parissap
10
GOLD - The Entire Wave Caught 🔥In March this year, we posted a higher timeframe analysis where we identified that price was in wave 4 and that we were in an ABC correction. See full post below: Once we identified where we are in the wave sequence, it just came down to counting the waves correctly and trading according to our trading rules. We know that Wave C consists of 5 waves and follows the impulse schematic. Waves 1, 3 and 5 have 5 waves. Waves 2 and 4 have 3 waves. Ofcourse there are complexities where there are variations of waves within waves. However, once you understand the fundamental, you can slowly work your way down to lower timeframe and know whats next. That is exactly what we did. We followed the basic fundamental rules of Elliott Waves and worked our way through the entire wave C. How do we enter? Our entries are almost always trendline break entries. A trendline break tells us that momentum is shifting in the other direction and there are strict parameters for entry and stoploss which we don't deviate from. Entry: Break of trendline Bullish entry stoploss: below the candles once trendline breaks Bearish entry stoploss: above the candles before the trendline breaks If you go through the ideas in the chart, you will see that our entry is almost always trendline break entries. People may say trendlines do not work - sometimes it doesn't... if not used correctly. We mostly use trendlines when a correction is already formed. Using a trendline here to catch the breakout is perfect. The market isn't static. Things change. You will see that whilst the overall analysis remained the same, the lower timeframe analysis changed as moves overextend and its our job as traders to adapt to these changes. Do let us know what you think. As always, trade safe!
OANDA:XAUUSDEducation
by WicktatorFX
19
📌🔃What is Flippening (Ethereum vs. Bitcoin)❓❗⚔️ The possibility of Flippening of Ethereum vs. Bitcoin is much more than before! King and Queen battle for taking over the Dominance has been continuing !! ‏ The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization. Although Ethereum and Bitcoin are named the king and queen of the crypto space, respectively, and they seem to be friends; But there has been a battle for the power of these two leaders of the crypto market. The dominance of the king-Bitcoin has been more than others and also of Ethereum, but for some time its dominance (BTC.D )has been closing to its ATL , and the dominance of the queen-Ethereum(ETH.D) has also been increasing and is closing to its ATH ,as the merge event approaches! but also at the meanwhile , OTHERS.D .USDT.D and .. Have been almost decreasing ! check it out here! However many Ethereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred yet. but now in my opinion if the merge event be successful , it is not unlikely that this will happen even within 1-2 yrs ahead, which is very critical for the crypto space and will change the current equations! but flippening is a litle unlikely in terms of market capitalization, but nonetheless possible! So this term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency isn't an easy event because according to coinmarketcap data , the current Ethereum MarketCap is about $203 B ,meanwhile the Bitcoin marketcap is about $379B (~2X bigger), so filling this gap need a lot of liquidity to be filled . At 100% crossing they both have the same market capitalization. Even though market cap is the main metric to determine "The Flippening" (above), there are a number of there are a number of other metrics that you also can observe (below). check it out here! www.blockchaincenter.net but the question is :What happens to Bitcoin if Ethereum takes over the dominance of it !? Apparently, this happens completely to the detriment of Bitcoin; But maybe this theory is even completely opposite, that is, the strengthening of Ethereum does not mean the weakening of Bitcoin , especially in the long term! ! They are fighting for a common and greater goal, not against each other. Bitcoin's proof-of-work will always retain the very highest degree of imperviousness and security. That could become increasingly valuable in the coming years -- it should not be underestimated Although, at the same time, with Ethereum's migration from proof of work to proof of stake, it can attract more liquidity than before! And in this case, both cryptoassets/platforms serve two very different economic functions. It would be about Ethereum becoming more valuable, and would not diminish Bitcoin. Bitcoin’s inherent value lies in its potential to be a quasi-gold standard and store of value. At the same time, Ethereum serves as the backbone of Web3, propping up the DeFi and NFT ecosystems, among others, that comprise numerous interconnected platforms. So this is more about Ethereum increasing in value rather than Bitcoin losing its own.but it may reduce the appeal of competing layer-1s , i.e. Ethereum competitors! Final thought: Flippening has been an event that cryptocurrency market experts have been warning about for years, and now with Ethereum's proof-of-stake performance, the possibility of its occurrence has accelerated, and it can greatly influence the crypto space. While a flippening may not really harm Bitcoin’s position and its inherent value proposition, it could have an impact on the wider crypto ecosystem in various ways. sources: coinmarketcap-cryptonews.com This article is For informational purposes only!
CRYPTOCAP:ETH.DEducation
by PRO_SMART_Trader
10
Key levels and why, then how to spot themI've written several articles around various educational topics here on @TradingView all of which have their individual application and use case. This latest post will go into how you can identify key value areas, or what I like to call "Auction areas". In essence these are areas or zones where Dumb money becomes active, often at highs or lows & usually in the wrong general direction. You only have to look as far as this guy and nearly 2 million followers - buying the ATH's of Bitcoin last year. In December 2020 I wrote an article on Bitcoin here & why it was starting to show signs of becoming institutionalised. And slowly set the path as to why we are then likely to see "Value areas" being formed. In Feb 2021 I followed this up with the identification of a value area. As you can see; this is how powerful these levels become These levels are only part of the bigger picture - but you will see how and why they are relevant, how they can be used to find both highs and lows - as well as giving a larger picture bias on the general direction of the move. ================================================================================== Now you have a little context. To understand why they work, you need to appreciate, what they are - As I mentioned above, these are zones where Dumb money get excited! It's as simple as that. Many indicators are designed and shared to mask true market cycles; people will spend years trying to find the secret sauce. However, things like Bollinger Bands, MACD's are only fuelling the dumb money machine. Take Moving averages for an example - if we have an aggressive uptrend, you should expect a sloping moving average. With a few buttons and presses in the settings, you can edit a moving average to fit the chart. So strip it all back. What you are looking for is, areas of consolidation - these areas are indecision zones where buyers and sellers are actively seeking value. These levels create the foundation of the value area range. This can then be used alongside liquidity pockets and used to enter or exit trades. Click this image below and see the levels get tagged, this is due to the collection of Dumb money stops & entries, followed by a reversal into the lower liquidity area. Ok so how are they identified? Well, first of all you have consolidations; these tightening ranges of price will highlight the auction has began, we now have both buyers and sellers active. As you can see in this chart above; we have two large areas to the upside of untapped liquidity... Zoom in and you will see heavier zones whereby volume was heavy, but price hardly moved - this is a hint towards liquidity sitting there. If you apply a simple tool like "Fixed range volume" you will see the profiles are concentrated around these levels; hence acting like a magnet to price. ----------------------------------------------------------------- A great example of this was to use the levels created, in conjunction with Fibonacci extension levels to spot a potential zone for the upside (into unchartered territory) of Bitcoin's new ATH. This was clear as early as August, we would tag the old liquidity levels and plummet back below 40k very quickly. The levels are useful, especially when combing with other techniques such as Elliott, but when you apply Fib's and can spot key extension levels; it's a lot more likely to be pulled towards such levels if there is a consolidation cluster. This is merely "Dumb Money" value areas being bought and sold. Optimal for institutional players, or as Richard Wyckoff called them "Composite Man". Looking at COT data and knowing the levels - meant we were 100% less likely to see $135,000 in December last year; CM was selling into the retail crowd. ============================================ So now you can see areas of interest, these levels are permanently set - although they become weaker over time, they still represent value for both buyers and sellers and are likely to become support and resistance at later points in time. There are several strategies and methods to use this knowledge, some of which I will post in later posts. But I would advise you go away and try and spot some of these levels on other charts. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
10
What to do in a Bear market?A few tips for making it through the bear market: Profile Rebalancing Rebalancing a portfolio means adjusting the weightings of the different asset classes in your investment portfolio. This is achieved by buying or selling assets, which changes the weighting of a specific asset class. Dollar Cost Average It is an investment strategy that aims to reduce the impact of volatility on the purchase of assets. It involves buying equal amounts of the asset at regular intervals. Re-evaluate Your Holdings Choosing investments is just the beginning of your work as an investor. As time goes by, you'll need to monitor the performance of these investments to see how they are working together in your portfolio to help you progress toward your goals. Generally speaking, progress means that your portfolio value is steadily increasing, even though one or more of your investments may have lost value. If your investments are not showing any gains or your account value is slipping, you'll have to determine why, and decide on your next move. To free up money to make these new purchases, you may want to sell individual investments that have not performed well, while not abandoning the asset allocation you've selected as appropriate. Fundamental Analysis To see if a cryptocurrency has an intrinsic value that isn't reflected in its current market price, you can employ a fundamental analysis strategy, which is the act of investigating and evaluating an investment to forecast its future worth. As an investor, you can then use this information to tactically buy or sell positions based on whether the coin is overpriced or underpriced, even while bearing in mind that cryptocurrency prices are volatile. After all, even well-known currencies such as Bitcoin and Ethereum are subject to price fluctuations. Planning for Long-Term Big picture trading is about taking everything into account and making an informed decision. In my opinion, it's one of the best trading methods. A branch of hedge funds, known as Global Macro funds, takes this approach. Do Nothing for a While If you are stressed and freaked out from big loss do nothing for a while and let your mind rest. What else would you add to this list?
INDEX:BTCUSDEducation
by parissap
8
🔥Why does a bear market make traders rich?🔥 Why does a bear market make traders rich? The answer is very simple. All really rich people can buy any asset at a big discount. In crypto this discount can be up to 80% and sometimes more than 95%. 📊 But why is it a bear market and not a bull market that makes traders rich? A bull market helps active traders (scalpers, swing traders) a lot, especially to quickly build up their capita l if they are trade follow the trend. Also, it`s a good time to study trade and when the real bull market return you will be highly prepared to this! 🚩 While the market is out of trend and certainty, the biggest upside potential for cryptocurrency is at the end of a bear market, as it was in: 2017, 2019, 2020 and possibly now in 2022. Never can crypto give more profit than the one bought at the end of a bull market. For example, Bitcoin at $3200, which rose to $69,000. That's 20x to your deposit. And you just need to buy close to the bottom (green areas). 📊 Which strategy should I use to buy crypto? The best strategy for that is DCA. This strategy helps to get an average buy price over a certain period. That way you won't make the maximum profit, but you won't incur huge drawdown when buying crypto. In the following tutorials I will tell you about the DCA and the advanced DCA used by professionals to buy crypto on the spot. 🔥Also you can check the Greendwhich indicator that help to BUY crypto at the bottom and sell close to the HIGHS. The additional module helps to increase the number of crypto during the bull market growth. ✅ My recommendation is not to buy more than 30% of altcoins on spot because 95% of them will disappear forever after a bear market. ✅ I suggest focusing on buying Bitcoin and the biggest altcoin Ethereum. They should be the biggest part of your portfolio if you want to buy cryptocurrency on spot (long term). 🚩 Write the comments, if you have a question about this topic. Do you agree with this idea or have smonething to add about the highest possible profit? 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
3
THE MOST PROFITABLE PATTERN: how to trade liquidity collection?What is your favourite pattern in trading? Write in the comments below this educational idea. I think one of the best patterns is liquidity collection. This pattern has become so common in Bitcoin trading that it is no longer considered unique. But if you look at the history of trades over the last year, you can see the profitability and reliability of this pattern. The number of profitable trades using this pattern is close to 100%. 🚩 To understand what liquidity collection is, we need to understand the definition of liquidity. 📊 What is liquidity? ✅ Liquidity is the ability of a cryptocurrency to exchange into fiat or another cryptocurrency. From this came the concept of high liquidity and low liquidity assets. If you can sell or buy 1 Bitcoin in 1 second. It`s a high liquidity, then you can sell unknown coin on small exchange for the whole 2-3 days. It`s a low liquidity. Also, there are high and low liquidity exchanges. For example, you want to trade 1 Bitcoin for $30 000. On a high liquidity exchange you can do it in 1 second and 1 click, but on a low liquidity exchange, where there are simply no buyers for your Bitcoin, the trade can take more than 1 minute. 📊 What is liquidity collection? Liquidity collection is an intentional price movement where a big player pushes the price up or down in order to get enough cryptocurrency to oprn his short or long . You can see examples of liquidity collection on the chart. 🚩 After liquidity collections, the price could fall by -50-70% and rise by >+100%. This shows how important this pattern is in trading and what profit it may give. 📊 What types of liquidity collection are possible? There are 2 types of liquidity collection: 1️⃣ liquidity collection to buy. This happens when a big player wants to open a long trade. He pushes the price below a local low or important level to activate stop losses of long traders and buy back their cryptocurrency (their liquidity). After that, the price starts to rise. 🚩 You can see such an example on the $30,000 chart. There have been 2 liquidity collections to buy. 2️⃣ A liquidity collection to sell occurs when the whale needs to open a short. He intentionally pushes the price above the local level. By doing this he activates stop losses of short traders and he can also sell enough of his cryptocurrency to long traders who are trading a breakout of the highs. 🚩 There are a lot of examples on the chart. My favourite is the liquidity collection at the ATH and new ATH. The price fall so much and you can get good profit from 30 to 70%. 📊 How can you identify liquidity collection? It can be in the form of a false breakout or an intentional takeout of stops like a shakeout (where a major player intentionally pushes the price to activate traders' stop-losses). Liquidity collection happens not only on higher timeframes, but also on lower ones. Some scalpers use this pattern to trade on 5-15 min. 🚩 I decided to show you liquidity collection on the daily timeframe because these signals are more noticeable and have better results on 4h-1d timeframes. Also you can use this pattern at any crypto, Forex or stocks. 📊 Why are big players looking for liquidity? If you're a big player, even on a highly liquid exchange it's hard for you to sell or buy >100 Bitcoins. There are simply no buyers or sellers at the price you need. To do that, the whale is looking for liquidity accumulation areas, which are very often placed below or above important price levels (local lows/highs, all-time highs, even numbers). These are the places where traders place most of their buy or sell orders and big player have enough liquidity to buy or sell crypto. I like the example with the bread and it`s easy to understand for the beginner. Image that you need to buy bread to yout home. You can buy it at any shop. But what if you are large enterprenuer and want to buy the bread to your 100 shops? You not able to buy it in the closest shop because there is no bread (no liquidity). You have to go to the the large bakery where you can order enough bread for your shops. This large bakery is the liquidity accumulation areas above or below important price levels. 📊 What tools can help you identify liquidity collection? What can help you understand where the price will go more than the whale's own orders? The whale places his buy/sell orders near important levels in advance, because this is his only chance to open a deal for $100-200 million or more. That's why I use the DOM and Footprint indicators , where I can clearly see the orders of the big players. With this information I can: 1️⃣ close the trade in profit in time , before the price starts to make a pullback. 2️⃣ open a trade in the same side with a big player : put a short stop loss close to the whale's order and get a best risk reward. You can see an example of a large whale order on the chart. One whale placed an order to buy 98 Bitcoins at $23,200, after which the price rebounded during the fall and continued rising. 🔥 Traders, how do you use liquidity collection? Write in the comments if you found this educational idea useful and going to use it in your trading strategy. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
11
🔥Does Bitcoin follow the script? Elon Musk's manipulations?Greetings to all readers. As has been repeatedly noted, most people are not used to paying attention to the little things. However, it is this action that distinguishes them from those who strive for a much greater understanding of the market. I am publishing this idea so that you can all realize that sometimes original, non-classical methods of analysis can bring very good results. Gradually, more and more people are delving into the issue of market manipulation in one way or another. For those who are interested in how this is all determined, I will say a few words below, the rest may skip this information. each date must be viewed from all sides and find clues in the form of numerical patterns that belong to the "red" group. In this case, I determined this date as a correction date based on the connection with the manipulative number (see gematria in the screenshot). Remember these numbers. I want to say that this has nothing to do with "numerology" as you are used to seeing it. And the correction is not happening because "the numbers wanted it that way." There are deeper processes, and this is just the tip...
Education
by RichMan393
8
What is liquidity gap? Why there is always pump?🚀 When the bull market start with a good news? It`s always bad news at the beginning of the uptrend: in 2015, 2019, 2020. Always the same situation. And now we a here in 2022 and bad news at the bottom of the market. Push 🚀 if it looks similar to other cycles. In this idea i explain you what is liquidity gap and global situation on BTC. You can identify it using the Volume Profile which is default tool at TradingView. 📊Liquidity gap is an area where the price not stay for the long time and don`t create any levels or order flows. So as you understand there are areas without any liquidity where the traders can set a sl or tp. We can compare it with empty space where is no life or it`s really rare thing. The price break this areas so easy because there are no liquidity and the price: 🔥 have no support if it falls (as it was when BTC fall in a week from $29k to 17k few month ago) 🔥 have no resistance if it growth (as it was at any bull market when the price nreak the ATH and scyrocketing) Now the price of BTC consolidating below such liquidity gap of $24500-29500 and going to break it up after some accumulation. As a rule, the liquidity gap breaking with a pumps because nothing stop them inside this gaps. The top of this gap is a bottom of a huge consolidation channel $29500-69000, so the price can make a pullback after $29500 test. In final, price break this level and continue it`s growth to the previous ATH. Thanks in large part to consolidation at the bottom, where the bulls were able to accumulate enough Bitcoins and are ready to sell them higher and higher. Consolidation is always good for the bulls especially for the biggest one 🐳 📊Why are these white circles marked? It's a bonus for my subscribers. Remember that before the very PUMP you will think everything will fall to zero, and many analysts on the trading view will say that the price has created a bear flag or a wedge etc. At that point, you may be disappointed and afraid to open a trade or sell all your crypto, but that will only be an emotion you should not succumb to. Only if your strategy says so. Keep these words in mind. 🔥 I will open a trade if I will see the large whales orders on DOM and Footprint. These are usually the most profitable trades with a short stop loss and excellent risk to reward. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
2
Wyckoff Schematics broken downBack last year I posted an educational post on the Wyckoff Distribution schematic I was seeing on Bitcoin. This was the logic behind the "Rocket Call" back last March. It was knowing where to search for an accumulation (which it was not) or a distribution. There are a couple of tell tail signs outside of Wyckoff literature that can assist in knowing which is which for various reasons (not for this post). So at the 60k marker first time around, I could see the logic for a Distribution and it revealed it's hand very early on. I wrote this educational post around the topic. Knowing Wyckoff - it's more to do with human psychology than technical analysis - many people said at the time, oh it's 100 years old, can't work in crypto etc, etc. Unfortunately as the human race, we are getting dumber and dumber, making these schematics almost more valuable in today's markets. After we had our move "Rocket" post. I covered another educational post hinting at the accumulation phase - naturally, the price drops and rises as the waves. In this post I covered the key for the terminology used in these schematics. Below you will see some info on the phases of an accumulation schematic. Accumulation Schematic Phase A The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move. The Selling Climax (SC) is formed by an intense selling activity as investors capitulate. This is often a point of high volatility, where panic selling creates big candlesticks and wicks. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high. As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. At this point, the trading volume and market volatility tend to be lower. While the ST often forms a higher low in relation to the SC, that may not always be the case. Phase B Based on Wyckoff’s Law of Cause and Effect, Phase B may be seen as the Cause that leads to an Effect. Essentially, Phase B is the consolidation stage, in which the Composite Man accumulates the highest number of assets. During this stage, the market tends to test both resistance and support levels of the trading range. There may be numerous Secondary Tests (ST) during Phase B. In some cases, they may produce higher highs (bull traps) and lower lows (bear traps) in relation to the SC and AR of the Phase A. Phase C A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did. The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. In some cases, however, the support levels manage to hold, and the Spring simply does not occur. In other words, there may be Accumulation Schematics that present all other elements but not the Spring. Still, the overall scheme continues to be valid. Phase D The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E). Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports. Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E. Phase E The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts. There is an awful lot more when it comes to understanding Wyckoff - such as volume, but it is too much to put in a handful of posts. These posts are done to give you an insight into trading Wyckoff. Another useful post on this topic is this below; People tend to look at Wyckoff on a Tick chart, a 1min or 15 minute chart - the same rules apply and are potentially more beneficial and applicable on the higher timeframes, seeing a weekly move play out in terms of a schematic could take several months. It's all about knowing what to look for. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
25
Bitcoin - For Trading Not for InvestingWhen Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency. To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and even today, therefore it is an instrument not for investing but for trading. Let me elaborate, as long as we cannot define its intrinsic value to any so-call an asset, it is not an asset, but an instrument for trading. When we get into trading, meaning, we have to acknowledge the getting in and out, out also represent to exit the market with either a profit or a loss, it is part of the deal in trading – we have to be quick when we make a wrong decision. However, if you position yourself as an investor in crypto, you will either always perceive it will break new high or hope that it will someday go back to its former glory. Throughout the whole tutorial, I will do a recap on how I have spotted this top here in November 2021. I have done this in another personal forum I have back then. I will go through that and it may seem like a hindsight view, but I will apply the same strategy to the current market using just trendline and divergence. Bitcoin Futures Minimum Tick: $5.00 = US$25 or $1.00 = US$5 Contract Value: 20,000 x US$5 = US$100,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME:BTC1!Education
by konhow
2
Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education ▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market. ▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season! ▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future! Subscribe. stay tuned for ideas! Links below👇
Education
by DepositLiquidator
28
Think like a PRO and trade at ANY markets🔥Hi friends! Do you want to know what zones I marked on the chart? Put 🚀 and read to the end. In this educational idea I will explain a few traders secrets that will help you stay profitable in any market for the long term. Take Bitcoin as an example and you'll be surprised how often the same mistake is repeated by beginners and understand how professional traders take advantage of it. 📊 But first, let's find out why the psychology of the crowd drives the market Fortunately for professional traders, human psychology has not changed in centuries. Bubbles in financial markets now appear just as they did before the Great Depression🔻in the early 20th century, when stocks rose by hundreds of percent in a month, and just as they did during the Tulip Fever🌷in the 17th century, when the price of tulips really soared to the moon due to the huge demand for the flower. 🚩 This shows the similarity in the thoughts of people in the 17th, 20th, 21st centuries. It is these faults in human psychology that allow the patterns in trading to work and professional traders to be profitable over the long term. Just don't tell anyone about it!) 📊 Why do people tend to panic during a fall and get greedy during a rise? The fact is that our brain tends to paint wishful thinking in our imagination. When a cryptocurrency is rising, the imagination thinks that the price will rise forever, and you get excited just thinking about the possible earning. And the happiness hormones just keep surging. The opposite is the situation with the fall. When markets fall, our brain tries to protect us from more losses and forces us to sell cryptocurrency. 📊 What help the big players to control the psychology of the crowd? Of course, it's the media. Remember when news of the US recession was at its peak and it seemed like a crisis was imminent. Just at the bottom of the market, when Bitcoin fell to $17k and the SnP500 to $361. I may surprise you, but in 2018, 2020 people had identical thoughts and all thought Bitcoin would fall to $1000. The crypto market can fall lower to 10-12k of course, but just interesting to know did any of my subscribers buy cryptocurrency back then or at 17-19k❓Write in the comments./b] 📊 What are the areas on the chart? I marked 2 areas: 🔥The 1st area (white) is the areawhere the majority of traders, especially newbies, want to buy cryptocurrency. I call this " Bitcoin will rise to 1 million" zone. 🔥The 2nd area (green) is the area where most traders sell the cryptocurrency they bought at a higher price. Most importantly, it is where most traders believe that the fall will continue even lower and do not buy, expecting a fall. I call this "Bitcoin will fall to zero" zone. ✅How can you use the psychology of the crowd to your advantage? I can tell you from my own example that a clear strategy and working with indicators helps me. For example DOM and Footprint, where I can see huge whale orders and open a trade in the same direction as a big player. A large order is a clear signal✅, not a psychological speculation because of the news. A few days ago I showed in one of my ideas how Bitcoin rebounded from a large whale order. Bitcoin then grow by 4-5% in just a few hours. I also use trading systems such as Greenwich or Pump Tracker to identify Bitcoin and altcoins bottoms and ATH. You can see ideas about them on TradingView and their live results✅ It may surprise you! 🏁Summary. This knowledges are usefull for any market: crypto, stocks, ForEx, bonds etc. Human psychology and thinking are the same, but each market has its own specifics. Perhaps I will talk about this in the next educational ideas. Friends, was the idea useful to you? Have you noticed such psychological zones? Do you agree with this idea or do you think Bitcoin will fall below $17k? Write in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
15